Place Your Vote Essay Example | Topics and Well Written Essays - 1500 words

Place Your Vote - Essay Example Why energy is an important factor to consider when electing a presidentI would like to bring back some memories that most Americans would love to erase from their memories. This concerns the high oil prices that were experienced during Bush’s tenure in White House in 2008. This is a clear indication of the intricate nature of the oil prices to the American economy. Schoen (2008) while talking about the price increases by over 50 percent in January of 2008 observed that:â€Å"Airlines have been struggling to make a profit, even as they cut jobs and flights. American Airlines became the latest to announce it was tightening its belt another notch, saying Thursday that it plans to shrink capacity by as much as 12 percent and cut thousands of jobs† (Schoen, 2008)Furthermore, Schoen elaborates that these airlines were contemplating an increase in the prices of checking the first bag. He contends that smaller airlines would have had to file for bankruptcy. Other industries, su ch as the automobiles also experienced a drop in sales which is definitely not good to the overall wellness of the economy. Moreover, the price of food and other household goods were expected to rise. Threats of inflation were being envisaged at the time and these tended to spill over to the housing sector and the credit markets (Schoen, 2008). This led to job losses, higher costs of living and a generally dented economy.During this trying time inflation was attributed to the high oil prices that were being experienced.